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VTB is the first Russian bank servicing UnionPay cards

26 March 2007

VTB started servicing bankcards issued by the Chinese company UnionPay throughout its entire ATM network. Thus, VTB became the first Russian bank to extend bankcard servicing of this Chinese card processing company. In 2007, which is announced the Year of China in Russia, the Bank is to extend its ATM and outlet network connected to the UnionPay system, mainly by getting its subsidiary VTB24 involved in UnionPay cards servicing.

UnionPay is the only nationwide processing company in China, which provides services for all financial institutions of the Chinese People's Republic, issuing bankcards. VTB started UnionPay bankcard servicing in November 2006. In honor of a visit by the Chinese representative delegation headed by President Hu Jintao, VTB ATM was installed in President Hotel in Moscow.

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